Versus Systems receives Nasdaq equity deficiency letter; plans $1.7 million stock sale
Nasdaq told Versus Systems on April 29, 2026 that it did not meet the $2.5 million minimum stockholders' equity required for continued listing, citing equity of $1,918,303 at December 31, 2025. The company has until June 13, 2026 to submit a compliance plan, and Nasdaq may extend the deadline to October 26, 2026 if the plan is accepted, so the letter has no immediate effect on the listing.
- Nasdaq deficiency letter dated April 29, 2026 cites stockholders' equity of $1,918,303 versus the $2,500,000 minimum
- Compliance plan due June 13, 2026; possible extension to October 26, 2026 if accepted
- Planned sale of 1,513,128 shares to ASPIS Cyber Technologies for $1,700,000 at $1.1235 per share, expected to close on or before May 14, 2026